Audioeye Inc Stock Price, News & Analysis

AudioEye, Inc. (NASDAQ: AEYE) announced its participation in two upcoming investor conferences. The events include The Microcap Rodeo Windy City Roundup 2022 in Chicago, IL on October 12-13, and the LD Micro Main Event XV in Los Angeles, CA on October 25-27. Registration is required for both conferences. AudioEye is recognized for its digital accessibility solutions, ensuring ADA and WCAG compliance for various organizations. For additional details and registration, visit IssuerDirect or Meetmax.

AudioEye, Inc. (NASDAQ: AEYE) will present virtually at the H.C. Wainwright Annual Global Investment Conference from September 12th to 14th, 2022. CEO David Moradi will engage in one-on-one meetings until September 16th. The presentation will be available on-demand for attendees. AudioEye specializes in digital accessibility, offering solutions for ADA and WCAG compliance, and is trusted by major brands like Samsung and Tommy Hilfiger. To register for the conference, visit the event website.

AudioEye, Inc. (NASDAQ: AEYE) reported a record revenue of $7.6M for Q2 2022, marking a 26% increase from the previous year. The company also reported an annual recurring revenue (ARR) rise of 19%, reaching $28.7M. Despite total operating expenses increasing by 10% to $8.3M, the non-GAAP net loss per share improved to ($0.02). Cash reserves dropped to $9.3M, affected by stock repurchases and non-recurring payments. Looking forward, AudioEye expects Q3 revenue between $7.65M and $7.85M, projecting 25% growth year-over-year.

AudioEye (NASDAQ: AEYE) announced a collaboration with Localogy to provide digital accessibility resources to Localogy members, benefiting over 30 million local businesses. The partnership aims to address website accessibility issues, revealed by an analysis showing that 83% of e-commerce, 78% of healthcare, and 77% of job sites have accessibility barriers. AudioEye's patented technology offers real-time monitoring and automates the fixing of accessibility issues, enhancing user experience across digital platforms.

AudioEye (NASDAQ: AEYE) is set to announce its second quarter financial results on August 9, 2022, followed by a conference call at 4:30 p.m. Eastern Time. The results will be released prior to the call and can be accessed via the company's investor relations website. AudioEye specializes in providing digital accessibility solutions that ensure compliance with ADA and WCAG standards. The company aims to remove barriers to digital access, serving clients like the FCC and Samsung. A replay of the call will be available post-event.

AudioEye (NASDAQ: AEYE) has partnered with Vendasta to integrate its digital accessibility technology into the Vendasta Marketplace, aimed at assisting local businesses in creating accessible online experiences. With over 65,000 partners serving more than six million small- and medium-sized businesses, this partnership will help Vendasta's channel partners provide tools for accessibility compliance, addressing legal requirements and enhancing user experiences for the 15% of the population affected by digital accessibility issues. This collaboration marks a significant step in promoting inclusive online platforms.

AudioEye, Inc. (NASDAQ: AEYE) has partnered with Celerant, a prominent omnichannel retail POS provider, to enhance digital accessibility for retailers. This collaboration allows Celerant's clients to utilize AudioEye's patented technology to address common web accessibility issues, potentially boosting customer acquisition. With over $2.5 billion in annual sales processed, Celerant's robust POS systems will integrate AudioEye's solutions to ensure compliance and provide equal digital access. Both companies' CEOs emphasize the importance of accessibility and growth opportunities offered by this partnership.

AudioEye, Inc. (NASDAQ: AEYE) has authorized a $3 million stock repurchase program, set to expire on June 30, 2024. The initiative, funded by working capital and cash from operations, reflects the company's confidence in future cash flows. CEO David Moradi stated that the program aims to create significant value for shareholders. The company may conduct repurchases in open market or through private transactions, depending on market conditions.

AudioEye, Inc. (NASDAQ: AEYE) reported strong Q1 2022 results, with revenues hitting a record $6.9M, a 19% increase from Q1 2021. Annual Recurring Revenue (ARR) rose 22% to $28.1M. Gross profit reached $5.2M, representing 75.2% of revenue. Despite a net loss of $3.6M, up from $2.8M YoY, the company expects Q2 revenue between $7.4M and $7.6M, indicating promising growth. Key developments included the acquisition of the Bureau of Internet Accessibility and a rise in customer count to 74,000, reflecting ongoing demand for its accessibility solutions.